Indiamart Intermesh Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
January 21, 2020 at 05:25 pm IST
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IndiaMART InterMESH Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 1,814.76 million compared to INR 1,470.01 million a year ago. Net income was INR 620.34 million compared to INR 277.35 million a year ago. Basic earnings per share was INR 21.45 compared to INR 9.7 a year ago. Diluted earnings per share was INR 21.12 compared to INR 9.59 a year ago. For the nine months, total revenue was INR 5,201.4 million compared to INR 3,955.91 million a year ago. Net income was INR 1,030.65 million compared to net loss of INR 81.24 million a year ago. Basic earnings per share was INR 35.8 compared to basic loss per share of INR 3.25 a year ago. Diluted earnings per share was INR 35.21 compared to diluted loss per share of INR 3.25 a year ago.
IndiaMART InterMESH Limited is an India-based online business-to-business (B2B) marketplace, which connects buyers with suppliers. The channel is focused on providing a platform for small and medium enterprises (SMEs), large enterprises, as well as individuals. The Company operates through two segments: Web and related Services and Accounting Software Services. Web and related services segment provide business-to-business e-marketplace services, which acts as an interactive hub for domestic and international buyers and suppliers. The Accounting software services segment provides the business of development, system analysis, designing and marketing of integrated business accounting software to help and manage businesses with increased efficiency. The Company's solutions include IM Leader, IM Star, TrustSEAL, Maximiser, IndiaMART Paid Service (MDC), IndiaMART Verified Exporter, enterprise solutions and advertising solutions.
INDIAMART INTERMESH LIMITED 
